The question how to divide the rent fairly between the residents is a tricky one.Roomates usually like to avoid the conflict by proposing the alternative way to share the standard 50-50 share of the room. You may wonder how to share the rent fairly. One solution is to use the rent split calculator as you can divide the rent by the total rent.The other thing you can divide the rent by the total rent and the number of beds. You are also able to add the area of each bed in the online tool.
You can find a fair solution to divide the rent between eh roommates as most of them are students and fighting to cope with their expenses. There are various factors to consider the total rent of the home , and the number of the people residing in the home. The other thing is the private and the shared rooms.
In this article, we are discussing the various factors on how to divide the rent fairly between the roommates.
Factors contributing in Rent Spilt:
There are various factors which actually include, when you are going to distribute the rent between the roommates.
These factors are as follows:
The total rent of the home, you need to pay
Number of the rooms are shared
Total area of the Rooms
Shared and the private rooms
When using the rent calculator split rent, you can include these factors and decide the fair rent for each of the roommates. You can find the precise share of each roommate, you can use the rent split calculator.
Example of Rent Split:
The two roommates have to share a home with rooms having the shared bathroom. The two roommates are paying the rent of $ 100 for the home.The area of the rooms is 354 sq ft and it is shared by both the people. The total area of the home is 1000 sq ft, then how to split the rent? You can find the precise share of each roommate, you can use the rent split calculator. This is in way an easy way to find the rent of a room shared by more than two or more than two persons.
Solution:
Now first find the price per square footage of the property
Rent per Square ft = [Total rent/(Total area-Common area)]
Rent of the room per sq ft = $100/1000 sq ft – 0
Rent of the room per sq ft = $0.1
Find the rent depending of the square footage
Rent of the each Room = Rent per sq ft * Room per sq ft
Rent of the each Room = $0.1*354
Rent of the each Room = $ 70
The split rent calculator can be used to find the total rent each individual needs to pay. The easy way to find the fair rent, you need to consider the size of the room along with the quality of each room. If the roommates are sharing two rooms but one of the rooms is more spacious as compared to the other, then you also need to split the rent when considering the rent of each room.
Extra factors to consider:
The extra factors you need to consider are the availability of the bathrooms, closet space, the heating and the cooling system. If one room is freezing in the cold winter and heating in the summer.Then the rooms rents are not fairly distributed between the roommates. The rent split calculator takes into consideration the spacious rooms and the bathroom space when deciding the room rent and how to divide it between the individuals.The split rent calculator can be used to find the total rent each individual needs to pay. You need to consider the extra factors when deciding the rent of each room and its surrounding area of the home
You need to find the facilities of the rooms and then rent out accordingly, this is one of the easy ways to establish the rent for each individual living and sharing the room.
The facilities may include:
The availability of the bathroom
The heating and cooling system of room
The lighting system of the room
The water and sanitary system
The rent split calculator can be used to split the rent fairly with the various people according to the facilities available in the room. The online tool is an easy way to distribute the rent fairly without any difficulty.
Conclusion:
The rent should be fairly distributed to avoid unreasonable burden on various roommates. The rent is splitted on the basis of the area of the room and the area of the home.You also need to decide what facilities are available in the room and their functionality for the roommates. The rent split is necessary when more than one person is sharing a room.
